fbpx

Type to search

Japan’s Renesas, India’s Tata Elxsi Partner In EV Design Hub

Japanese chipmaker Renesas Electronics said on Thursday it will set up a design centre with Tata Elxsi to jointly develop electric vehicle technology as the appetite for EVs grows


A Renesas Electronics chip is seen at the company office in Tokyo, on March 21, 2013. Photo: Yuya Shino, Reuters.

 

Japanese chipmaker Renesas Electronics Corp announced on Thursday that it will set up a design centre with India’s Tata Elxsi Ltd to jointly develop electric vehicle (EV) technology as appetite for the EV market continues to grow.

The centre in Bangalore will be a new hub for the two companies to develop crucial EV systems, such as battery management systems and motor control units.

In a statement announcing the move, Renesas Electronics said that it will strive to provide practical solutions sought by the EV market, and hopes to eventually spread the rewards of the development partnership across the globe.

Microchips are a key component in car manufacturing but automakers around the world have been hamstrung by limited supplies due to semiconductor production cuts during the pandemic.

 

 

Tata Keen to Rev Up Its EVs

In February, Tata Elxsi’s parent company, Tata Motors, which also owns the Jaguar and Land Rover brands, reported a fourth consecutive quarterly loss, weighed down by higher commodity prices and the global semiconductor shortage.

The Mumbai-headquartered firm reported a net loss of 15.2 billion rupees ($203 million) in the three months to December 31, compared with a net profit of 29.1 billion rupees a year earlier.

In November, the Tata group was reported to be in talks to acquire the battery materials business of UK-based Johnson Matthey in a transaction to rev up the conglomerate’s push into the fast-growing electric vehicle market, Mint reported, citing two unidentified officials aware of the plan.

Tata Chemicals was said to be a frontrunner in the race to buy the business from Johnson Matthey, the report said, adding that it may be valued at about $700 million.

 

• Reuters with additional editing by Jim Pollard

 

ALSO ON AF:

 

Global Chip Sales Top 1tn in 2021, Set to Go Higher

 

Global Semiconductor Industry Turns Into a Free-for-All – Caixin

 

Tencent Touts New Semiconductor Advances

 

Ford restarts production at plants but semiconductor headwinds remain

 

 

Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.

logo

AF China Bond